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Paccar: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported second-quarter earnings of $1.12 billion.

The Bellevue, Washington-based company said it had profit of $2.13 per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The truck maker posted revenue of $8.77 billion in the period. Its adjusted revenue was $8.26 billion, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $8.31 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCAR at https://www.zacks.com/ap/PCAR